Crazy Horse 3 Says "Yes" to Crypto Payments.
05 Feb 2022, 08:00
Crazy Horse 3 Says “Yes” to Crypto Payments
Crazy Horse 3 – a strip club in the middle of Sin City (that’s Las Vegas, Nevada) has agreed to accept crypto payments for lap dances and many of the club’s services.
Crazy Horse 3 Is Willing to Accept CryptoThe whole point of crypto was to be able to pay for everyday items and services. Many digital assets – such as bitcoin – were initially created to push things like credit cards, checks, and fiat currencies to the side, though this has been an extremely slow journey given that these assets have shown themselves to be quite volatile. As a result, many companies have said “no” to crypto payments throughout the years given that they do not want to risk losing profit, and to a certain extent, we can’t really blame them.
Consider the following scenario: a customer walks into a store and wants to buy $50 worth of merchandise with bitcoin. For one reason or another, the store does not convert the crypto into fiat right away. About 48 hours go by, and the price of bitcoin goes down, causing that $50 to turn into $30. While the customer gets to keep everything they bought, the store winds up losing $20 in profit. Is that a fair situation? Not everyone thinks so.